Alkagesta CEO Orkhan Rustamov has been featured in European Business Magazine, where he provided an analysis of the structural changes occurring in global oil markets. His piece addresses the disruption experienced over recent months, particularly following conflict in the Gulf region.
The article suggests that the oil market's previous expectation of a return to stable pricing is no longer a realistic outlook. European Business Magazine is a publication widely read by executives and decision-makers across Europe, focusing on business strategy, economics, and market trends.
Rustamov highlighted the significant price fluctuations of Brent Crude, which has seen its value nearly double from approximately $60 over the past six months. He contextualized this volatility against historical price trends, noting that oil prices traditionally hovered between $50 and $80 per barrel.
According to Rustamov, the events of the last six months have fundamentally altered this long-standing baseline assumption for oil prices. He indicated that the security and stability in the Gulf, which are crucial for oil price normality, have been compromised.
Alkagesta, a company involved in trading, shipping, logistics, and trade finance, frequently comments on market developments. This recent publication follows previous features of Rustamov discussing oil market disruption, including an earlier appearance in City A.M. regarding the Strait of Hormuz.
